Stellar Price Risks Deeper Correction Toward Key Support Level

Stellar's price has fallen below a critical support zone, leaving it vulnerable to further decline.

The long-to-short ratio for XLM has declined to 0.94 and 0.90, respectively, indicating that more traders are betting on the asset's price to drop.

The funding rate for XLM has turned negative, reflecting stronger demand for short positions.

XLM continues to underperform compared to other assets in the market, with its long-to-short ratio approaching its lowest level in over a month.